P
Seller's Agent in 2024
Paul Gustin
Coldwell Banker Realty
(562) 301-7656
1 in this area
13 Total Sales
1531 W 19th St Unit 1-6 Long Beach, CA 90810
Lower Westside Neighborhood
12
Beds
6
Baths
3,898
Sq Ft
6,655
Sq Ft Lot
Highlights
- Gated Community
- Neighborhood Views
- Laundry Room
- Property is near a park
- Living Room
- No Interior Steps
About This Home
As of March 2024Outstanding opportunity to bolster your investment portfolio with this bread and butter 6 unit residential income property in West Long Beach, CA. All units are 2 bedrooms and one bathroom with updated interiors. The six units are rented with the property offering a 6.02% cap rate and 11.87 GRM based on current rents, 2023 actual expenses and an estimated new property tax amount. 12 uncovered, tandem parking spaces located in the rear of the building and a convenient onsite laundry room. Popular rental area of Long Beach with close proximity to the Port, Harbor, Terminal Island and neighboring cities such as San Pedro, Harbor City and Torrance. This property has been well maintained and self-managed by owners for over 15 years.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 562-301-7656 License #01179144 Listed on: 02/05/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 6,655 Sq Ft Lot
- No Common Walls
- West Facing Home
- Wrought Iron Fence
- Rectangular Lot
Interior Spaces
- 3,898 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Laminate Countertops
- Formica Countertops
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Window Bars
- Security Lights
- Fire and Smoke Detector
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- Parking Available
- Tandem Uncovered Parking
- Paved Parking
- Parking Lot
- Off-Street Parking
Location
- Property is near a park
- Property is near public transit
- Urban Location
Utilities
- Wall Furnace
- Septic Type Unknown
- Cable TV Available
Additional Features
- No Interior Steps
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Legal Lot and Block 25 / 10
- Tax Tract Number 1833
- Assessor Parcel Number 7431026021
Community Details
Overview
- 6 Units
- Westside/South Of Willow Subdivision
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Gardener Expense $660
- Insurance Expense $4,022
- Maintenance Expense $4,332
- Other Expense $2,500
- Pest Control $2,000
- Supplies Expense $120
- Water Sewer Expense $4,560
- New Taxes Expense $20,000
- Operating Expense $39,554
- Gross Income $138,894
- Net Operating Income $99,340
Additional Features
- Laundry Facilities
- Gated Community
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2024 03/29/24 | Sold | $1,600,000 | -3.0% | $410 / Sq Ft |
| 02/27/2024 02/27/24 | Pending | -- | -- | -- |
| 02/05/2024 02/05/24 | For Sale | $1,650,000 | -- | $423 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Paul Gustin
-
Dave Salzman
Buyer's Agent in 2024
Dave Salzman
Engel & Völkers LA South Bay
(310) 871-5314
1 in this area
75 Total Sales
-
M
Buyer Co-Listing Agent in 2024
Maria Zuniga
NW Real Estate Brokers
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24021012
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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